Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Why do otherwise intelligent individuals form seething masses of idiocy when they engage in collective action? We may think that the Great Crash of 1929, junk bonds of the '80s, and over-valued high-tech stocks of the '90s are peculiarly 20th century aberrations, but Mackay's classic - first published in 1841 - shows that the madness and confusion of crowds knows no limits, and has no temporal bounds.

Reminiscences of a Stock Operator

First published in 1923, this lightly fictionalized biography of Jesse Livermore, one of the greatest market speculators ever, is widely regarded as one of best investment books of all time. Reminiscences of a Stock Operator is the resource that generations of investors have turned to when they needed deeper insight into their own investing habits and those of others. Listen to this work, featuring narrator Rick Rohan, and you'll soon discover your portfolio growing in new and unexpected ways!

What separates the world's top traders from the vast majority of unsuccessful investors? Jack Schwager sets out to answer this question in his interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more in Market Wizards: Interviews with Top Traders.

Trend Following, 5th Edition: How to Make a Fortune in Bull, Bear and Black Swan Markets

Want to take the financial journey to a new investing philosophy that might very well affect the rest of your moneymaking life? No one can guarantee the yellow brick road, but Michael Covel promises the red pill will leave you wide awake. Trend Following reveals the truth about a trading strategy that makes money in up, down, and surprise markets.

Am I Being Too Subtle?: The Adventures of a Business Maverick

Self-made billionaire Sam Zell consistently sees what others don't. From finding a market for overpriced Playboy magazines among his junior high classmates, to buying real estate on the cheap after a market crash, to investing in often unglamorous industries with long-term value, Zell acts boldly on supply and demand trends to grab the first-mover advantage. And he can find opportunity virtually anywhere - from an arcane piece of legislation to a desert meeting in Abu Dhabi.

A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market

The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.

The Money Game

Hailed by the New York Times Book Review as "the best book there is about the stock market," this timeless classic by the creator and host of the Emmy Award-winning TV show Adam Smith's Money World is still relevant more than 40 years later.

The Crowd: A Study of the Popular Mind

Social theorist Gustave Le Bon gives historical insight into the political thinking of his era while offering timeless social commentary. Le Bon challenges the listener to contemplate how individual ideas change - often to a destructive end - when employed in a setting of groupthink. As technology and communications innovations make group formation easy and accessible for better or for worse, this book's message is certainly one that will not be lost in the crowd.

The New Market Wizards: Conversations with America's Top Traders

Some traders distinguish themselves from the herd. These supertraders make millions of dollars - sometimes in hours - and consistently outperform their peers. As he did in his acclaimed national best seller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it? What separates them from the others? What can they teach the average trader or investor?

Every trader is an entrepreneur. And just as a new business must capitalize upon the strengths of its founders, a career in the markets crucially hinges upon the assets - personal and monetary - of the trader. As an active trader and a coach of traders in hedge funds, proprietary trading groups, and investment bank settings, author Brett Steenbarger has helped others see the personal assets they have possessed all along: those that can pay a lifetime of dividends.

The Great Crash of 1929

With grace and wit, America's foremost economist examines the boom-and-bust that led to the stock market crash of 1929. Economic writings are rarely notable for their entertainment value, but this widely admired best-seller is the exception. Galbraith's light touch makes his expert analysis of America's greatest financial disaster a surprisingly engaging listen for anyone.

Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street

Humorous and entertaining, this book exposes the folly and hypocrisy of Wall Street. The title refers to a story about a visitor to New York who admired the yachts of the bankers and brokers. Naively, he asked where all the customers' yachts were? Of course, none of the customers could afford yachts, even though they dutifully followed the advice of their bankers and brokers. Full of wise contrarian advice and offering a true look at the world of investing, in which brokers get rich while their customers go broke.

The Long Tail: Why the Future of Business Is Selling Less of More

Our world is being transformed by the Internet and the near limitless choice that it provides to consumers; tomorrow's markets belong to those who can take advantage of this. The Long Tail is really about the economics of abundance, an entirely new model for business that is just starting to show its power as unlimited selection reveals new truths about what consumers want and how they want to get it.

Hedge Fund Market Wizards

This audiobook provides fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words. From best-selling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from 15 traders who've consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business.

Nobody Knows Anything: Investing Basics: Learn to Ignore the Experts, the Gurus and Other Fools

It may be as important for investors to know what not to do in investing as to know what to do. While investors are bombarded with the "buy me, buy me" books, little is said to train them in what to avoid. Nobody Knows Anything teaches investors what to avoid and how to trade using their own knowledge and experience rather than simply following the lemmings over the cliff of the latest investment craze.

Guerrilla Marketing: Fourth Edition

When Guerrilla Marketing was first published in 1983, Jay Levinson revolutionalized marketing strategies for the small-business owner with his take-no-prisoners approach to finding clients. Filled with hundreds of solid ideas that really work, Levinson's philosophy has given birth to a new way of learning about market share and how to gain it. In this completely revised and expanded fourth edition, Levinson offers a new arsenal of weaponry for small-business success in the next century.

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

This audiobook is about luck, or more precisely, how we perceive and deal with luck in life and business. It is already a landmark work, and its title has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes.

Charlie Munger: The Complete Investor

Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom" - a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management - allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment.

Publisher's Summary

Charles Mackay covers many types of delusions, among them financial manias like the South Sea Company bubble of 1711-1720, the Mississippi Company bubble of 1719-1720, and the Dutch tulip mania of the early 17th century. According to Mackay, during this bubble, speculators from all walks of life bought and sold tulip bulbs and even futures contracts on them. Allegedly some tulip bulb varieties briefly became the most expensive objects in the world during 1637. Mackay's accounts are enlivened by colorful, comedic anecdotes, such as the Parisian hunchback who supposedly profited by renting out his hump as a writing desk during the height of the mania surrounding the Mississippi Company. Financier Bernard Baruch credited the lessons he learned from Mackay with his decision to sell all his stock ahead of the financial crash of 1929.Other chapters are devoted to Alchemists, scientists and pseudo scientists who attempted to turn base metals into gold. Mackay notes that many of these practitioners were themselves deluded, convinced that these feats could be performed if they discovered the correct old recipe or stumbled upon the right combination of ingredients. There are also extensive treatments on the Crusades, Witch Mania and Trials and other forms of mass delusion.

You probably are not aware of it but Extraordinary Popular Delusions and the Madness of Crowds has many chapters most of which are completely missing in this edition. <br/>See wikipedia...<br/><br/>Chapters present: <br/> - Mississippi Company<br/> - South Sea Company<br/> - Tulip mania<br/><br/>Chapters MISSING:<br/> - Alchemists<br/> - Modern Prophecies<br/> - Fortune-Telling<br/> - The Magnetisers<br/> - Influence of Politics and Religion on the Hair and Beard<br/> - Crusades - Witch mania<br/> - The Slow Poisoners<br/> - Haunted Houses<br/> - Popular Follies of Great Cities<br/> - Popular Admiration of Great Thieves<br/> - Duels and Ordeals - Relics<br/><br/>As a bonus there is:<br/> - Confusion of Confusions from 1688 (Which is a different book btw)

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